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Word: totalizer (lookup in dictionary) (lookup stats)
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...assets, then its manager's profit is grossly overestimated. In most cases, the profit is at least slightly overestimated because of slippage in the liquid assets. In other words, if a fund liquidated all profits, the supposed 20% taken out first would actually be larger than 20% of the total realized profit...

Author: /time Magazine | Title: The Ponzi Scheme in Every Hedge Fund | 1/5/2009 | See Source »

...What the Pentagon calls "the long war" on terror has led the U.S. military to seek a way to keep people it deems a threat behind bars indefinitely. While Guantánamo's unique status - far from the battlefield yet subject to total U.S. sovereignty - led the Supreme Court to grant Gitmo detainees habeas relief, the U.S. government argues that neither circumstance applies at Bagram. "Federal courts should not thrust themselves into the extraordinary role of reviewing the military's conduct of active hostilities overseas, second-guessing the military's determination as to which captured aliens as part of such...

Author: /time Magazine | Title: Another Gitmo Grows in Afghanistan | 1/5/2009 | See Source »

...darkening storm hangs over the nation. The national and global economies continue to deteriorate at a terrifying pace. The ISM Manufacturing Index, a key measurement of domestic production, hit a 28-year low in December. Payrolls fell an additional half million last month, leading economists to predict that the total job losses in 2008 were greater than at any point since the immediate aftermath of World War II. The housing-price free fall has yet to show any clear sign of stabilization...

Author: /time Magazine | Title: Obama Gets Ready for His Washington Closeup | 1/5/2009 | See Source »

...Harvard men’s basketball team scored 42 of its 63 total points from long range on Dec. 17, shooting a blistering 67 percent from behind the arc, but it could not overcome Rice’s second-half comeback as the Owls (4-5) beat the Crimson 67-63 at Tudor Fieldhouse. Harvard (4-5) took the lead in the final minute with two free throws by junior guard Jeremy Lin, but Rodney Foster answered for the hosts with a three-pointer with 40 seconds to play to give his team a 62-61 lead it would...

Author: By Crimson Sports Staff | Title: SPORTS BRIEF: Harvard men's basketball gets hot from beyond the arc, but Owls exploit Crimson foul trouble to come out on top | 1/4/2009 | See Source »

...problem. Nearly 43,000 cars were torched in France over the whole of 2007 - an average of almost 118 per day. Alliot-Marie stressed that the rise in the number of burnt cars on New Year's Eve 2008 came at the end of a year in which the total number of autos set alight in the first 11 months had decreased 15%, compared with the same period in 2007. But while annual figures may fluctuate, they've generally swelled since the late 1970s, when French suburban youths first started burning cars as a way to get the attention...

Author: /time Magazine | Title: France's New Year's Tradition: Car-Burning | 1/2/2009 | See Source »

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